Portugal: Caramel Market 2022

Caramel Market Size in Portugal

In 2020, after two years of growth, there was significant decline in the Portuguese caramel market, when its value decreased by -X% to $X. Overall, consumption, however, enjoyed resilient growth. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Caramel consumption peaked at $X in 2019, and then shrank dramatically in the following year.

Caramel Production in Portugal

In value terms, caramel production reduced remarkably to $X in 2020 estimated in export prices. Overall, production, however, posted significant growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Caramel production peaked at $X in 2019, and then declined rapidly in the following year.

Caramel Exports

Exports from Portugal

In 2020, approx. X tons of caramel were exported from Portugal; growing by X% on the previous year's figure. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

In value terms, caramel exports surged to $X in 2020. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for caramel exports from Portugal, accounting for a X% share of total exports. Moreover, caramel exports to Spain exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Spain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and France (-X% per year).

In value terms, Spain ($X) remains the key foreign market for caramel exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and France (-X% per year).

Export Prices by Country

The average caramel export price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the export price saw a abrupt decline. The growth pace was the most rapid in 2008 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced mixed trend patterns.

Caramel Imports

Imports into Portugal

Caramel imports into Portugal reached X tons in 2020, increasing by X% compared with the previous year's figure. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, caramel imports rose markedly to $X in 2020. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Spain (X tons) constituted the largest caramel supplier to Portugal, with a X% share of total imports. Moreover, caramel imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and France (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of caramel to Portugal, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Austria (+X% per year).

Import Prices by Country

The average caramel import price stood at $X per ton in 2020, rising by X% against the previous year. In general, the import price, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Austria ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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